Zhonghua Gas Holdings Cash Flow Statement

Financials in millions CNY. Fiscal year is April - March.

Millions CNY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2016 - 2020
Net Income	-48.64	-49.1	-6.66	-5.25	-191.31	Upgrade
Depreciation & Amortization	1.82	1.87	13.14	14.55	14.84	Upgrade
Loss (Gain) From Sale of Assets	0.02	-	-	0.04	-0.15	Upgrade
Asset Writedown & Restructuring Costs	1.1	-	26.87	0.93	-	Upgrade
Stock-Based Compensation	21.49	-	1.63	-	-	Upgrade
Provision & Write-off of Bad Debts	-3.34	-	-66.74	-29.39	195.4	Upgrade
Other Operating Activities	7.64	-82.46	15.07	10.87	-28.29	Upgrade
Change in Accounts Receivable	-139.35	-	181.57	3.96	4.81	Upgrade
Change in Accounts Payable	1.41	-	-1.65	-13.61	8.26	Upgrade
Change in Unearned Revenue	5.16	-	-	-0.24	-14.43	Upgrade
Operating Cash Flow	-152.67	-129.69	163.23	-18.14	-10.87	Upgrade
Capital Expenditures	-0.59	-0.74	-0.45	-0.06	-11.74	Upgrade
Sale of Property, Plant & Equipment	0.92	1.15	-	0.15	7.5	Upgrade
Other Investing Activities	0.14	0.17	0.79	0.1	0.17	Upgrade
Investing Cash Flow	0.46	0.58	0.34	0.19	-4.07	Upgrade
Short-Term Debt Issued	-	49.54	8	-	-	Upgrade
Total Debt Issued	42.47	49.54	8	-	-	Upgrade
Short-Term Debt Repaid	-	-99.12	-4.55	-	-1.8	Upgrade
Long-Term Debt Repaid	-	-1.61	-1.92	-3.15	-9.48	Upgrade
Total Debt Repaid	-81.09	-100.73	-6.47	-3.15	-11.28	Upgrade
Net Debt Issued (Repaid)	-38.62	-51.19	1.53	-3.15	-11.28	Upgrade
Issuance of Common Stock	43.35	54.19	-	-	3.73	Upgrade
Other Financing Activities	-0.62	-0.94	-8.03	-4.88	-0.31	Upgrade
Financing Cash Flow	4.11	2.05	-6.5	-8.02	-7.86	Upgrade
Foreign Exchange Rate Adjustments	0.12	0.08	0.26	3.96	-1.92	Upgrade
Net Cash Flow	-147.98	-126.98	157.33	-22.02	-24.72	Upgrade
Free Cash Flow	-153.26	-130.43	162.78	-18.2	-22.61	Upgrade
Free Cash Flow Margin	-157.66%	-146.24%	87.21%	-9.08%	-5.37%	Upgrade
Free Cash Flow Per Share	-0.04	-0.04	0.04	-0.01	-0.01	Upgrade
Cash Interest Paid	0.14	0.34	7.27	6.88	0.31	Upgrade
Cash Income Tax Paid	0.07	0.06	0.34	0.03	1.09	Upgrade
Levered Free Cash Flow	-	-119.01	148.88	-24.33	64.9	Upgrade
Unlevered Free Cash Flow	-	-113.67	150	-24.19	65.09	Upgrade
Change in Net Working Capital	-	117.4	-113.42	39.06	-193.2	Upgrade

Updated Feb 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.